Students get loan relief

Justin Dickie
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SPRINGHILL Nova Scotias university and college students facing student loan debt were offered a bit of relief last week as two new provincial loan programs were announced that should aid recipients in paying back their loans.

SPRINGHILL Nova Scotias university and college students facing student loan debt were offered a bit of relief last week as two new provincial loan programs were announced that should aid recipients in paying back their loans.

The Enhanced Payment Assistance Program will reduce payments for graduates whose debt-to-income ratio is deemed too high. The Payment Deferral Program will allow grads to postpone student loan payments until theyre more financially stable.

"The Enhanced Repayment Assistance Program is more flexible than the program it replaces so more graduates will be eligible," said Education Minister Karen Casey in a news release. "Payment deferral is something new for the province and would be especially attractive to graduates who must accumulate several years of on-the-job experience before they are deemed qualified for a professional designation."

Nova Scotia Community College Cumberland Campus vice president of student activities Jessica Roberts said the new programs should be beneficial to all students facing debt at her school.

"Where we have a broad age range at our school, from young students who have just come out of high school to senior citizens, it will be really good because some of them have kids, some of them have part-time jobs, and you dont get a lot of money from student loans to begin with, so I think whatever reduces your payment is great," Roberts said.

Students can apply for the programs through the Department of Educations student loans office.

jdickie@amherstdaily.com

Organizations: Nova Scotia Community College Cumberland Campus, Department of Educations

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